RE:down playing I wouldn't have money in NXO if I had any doubts, but big picture we all do better with a smaller share count
Simple math really, currently $1 is a $150 million company/ $20 is a $3 billion company
Now 300 million shares is $1/$300 million company or $20 is a $6 billion company whereas the current share count would make the same $6 billion company a $40/share price...
I never questioned management. Your right it's not money for them, but it is for the majority of us